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Strategies & Market Trends : MARKET INDEX TECHNICAL ANALYSIS - MITA -- Ignore unavailable to you. Want to Upgrade?

To: J.T. who wrote (5397)	12/1/2000 8:56:03 AM
From: OX	Read Replies (2) \| Respond to of 19219

JT, appreciate the rydex updates. >>October 8, 98's meltdown- we only had 336 new lows fwiw, my records show on 10/8/98... nyse NL 953 naz NL 1561

To: J.T. who wrote (5397)	12/3/2000 11:11:08 AM
From: bobby beara	Read Replies (2) \| Respond to of 19219

So in the face of death, the Bears come up short for the beloved BIG KAHUNA fantasy wish>>> JT, say what? -g- intc 73>33 msft 120>57 icge 200>6 yhoo 238>36 dell 59>18 isld 155>4 if that ain't the bk i don't know what is -g- and just now the rydex otc bullish to bearish money is starting to creep under 90% bullish. now where is that bottom that is gonna crush the bears? b

To: J.T. who wrote (5397)	12/4/2000 12:33:27 AM
From: J.T.	Read Replies (2) \| Respond to of 19219

Rydex Total Assets Update for Friday, December 1st: Regular Series: SPX Long - NOVA 384.7 Million SPX Short- URSA 257.5 Million NDX Long - OTC 2,047 BILLION NDX Short- Arktos 96.6 Million XAU Precious Metals 40.2 Million Biotechnology 534 Million Money Market 1.551 BILLION ******************************************* Dynamic Series (200% correlation) SPX Long - TITAN 57.9 Million SPX Short- TEMPEST 17.4 Million NDX Long - VELOCITY 92.6 Million NDX Short- VENTURE 32.8 Million ******************************************* Fridays counter-trend rally proved a disappointment for the Bulls as they could not hold significant gains into the bell. The NDX closed up 1.7% to close at NDX 2,550 but had reached an intraday high of NDX 2,674 4.6% higher. Moreover, the SPX was up 1.5% at its best levels of the day (SPX 1,335) only to give it all up and finish at the bell unchanged at SPX 1,315. 1) Now look at the switch in rydex spx short Ursa fund decrease 40+ million in a day that gave up all gains. Sentiment-wise, this is not comforting for the Bulls as money wants to get long on the hope of any impending rally on santa's sleigh ride. But fear is running equally high with election circus and now going into negative pre-announcement period. 2) Money Market levels still high and this is Bullish. 3) XAU in clear uptrend and on any pullback from clear double overbought levels money will be moving into this Bullish rally - including mine. Total assets above 40 million for the first time since september 27th. Bullish - but look for a 1-2 day pullback. I moved to 100% Money Market in light of the failed rally. I will be watching BKX like a hawk. I have posted BKX 815 must hold in this past week and on Friday we closed at BKX 816.86 after hitting an intraday high of BKX 836+ level both on Thursday and Friday. The market is clearly at the cross-roads SPX-wise. While the NASDAQ has clearly been decimated in the past 7-8 months 50% off the highs - the SPX has not had that meltdown. The DOW is at the low end of its support zone and inching towards DOW 10,000 again. SPX and DOW must rally right here and now in the next 2 days for the Bulls to save any face going into the end of the year. Best Regards, J.T.